Question 1

Narrbegin Exhibit A1.3 Straight line   Narrend
-In Exhibit A1.3, the slope of straight line AB is:

Accepted Answer

A) 1. 
B) 5. 
C)  1/2. 
D)  -1. 
E)  not determinable from the information provided. 
A) 1. 
B) 5. 
C)  1/2. 
D)  -1. 
E)  not determinable from the information provided. C

Question 2

A horizontal line indicates an independent relationship between two variables.

Accepted Answer

A) True 
 B)False  True

Question 3

Narrbegin Exhibit A1.5 Straight line   Narrend
-Straight line A-D in Exhibit A1.5 shows which of the following?

Accepted Answer

A)  Increasing values for X will increase the value of Y. 
B)  Increasing values for X will decrease the value of Y. 
C)  Increasing values for X does not affect the value of Y. 
D)  All of the above. 
A)  Increasing values for X will increase the value of Y. 
B)  Increasing values for X will decrease the value of Y. 
C)  Increasing values for X does not affect the value of Y. 
D)  All of the above. C

Question 4

An upward-sloping line or curve is used to illustrate:

Accepted Answer

A)  the ceteris paribus assumption. 
B)  an inverse relationship. 
C)  two unrelated variables. 
D)  a positive relationship. 
A)  the ceteris paribus assumption. 
B)  an inverse relationship. 
C)  two unrelated variables. 
D)  a positive relationship.

Question 5

Narrbegin Exhibit A1.5 Straight line   Narrend
-In Exhibit A1.5, the slope of straight line A-D is:

Accepted Answer

A)  positive. 
B)  zero. 
C)  negative. 
D)  variable. 
A)  positive. 
B)  zero. 
C)  negative. 
D)  variable.

Question 6

Measured between two points on a curve, the ratio of the change in the variable on the vertical axis to the change in the variable on the horizontal axis is the:

Accepted Answer

A)  axis. 
B)  slope. 
C)  dependent curve. 
D)  independent curve. 
A)  axis. 
B)  slope. 
C)  dependent curve. 
D)  independent curve.

Question 7

When one variable increases, the other variable increases - it is called:

Accepted Answer

A)  an inverse relationship. 
B)  causation. 
C)  horizontal line. 
D)  a positive relationship. 
A)  an inverse relationship. 
B)  causation. 
C)  horizontal line. 
D)  a positive relationship.

Question 8

Adding a third variable to a two dimensional graph:

Accepted Answer

A)  makes it impossible to interpret the graph. 
B)  helps to show the effect of factors that are not on the graph. 
C)  creates unnecessary complexity and should be avoided. 
D)  provides a point of intersection. 
A)  makes it impossible to interpret the graph. 
B)  helps to show the effect of factors that are not on the graph. 
C)  creates unnecessary complexity and should be avoided. 
D)  provides a point of intersection.

Question 9

Narrbegin Exhibit A1.3 Straight line   Narrend
-As shown in Exhibit A1.3, the intercept of straight line AB is:

Accepted Answer

A) 1. 
B) 10. 
C) 20. 
D) 30. 
E)  not determinable from the information provided. 
A) 1. 
B) 10. 
C) 20. 
D) 30. 
E)  not determinable from the information provided.

Question 10

Narrbegin Exhibit A1.4 Straight line   Narrend
-In Exhibit A1.4, the slope of straight line CD is:

Accepted Answer

A)  positive. 
B)  zero. 
C)  negative. 
D)  variable. 
A)  positive. 
B)  zero. 
C)  negative. 
D)  variable.

Question 11

Narrbegin Exhibit A1.2 Straight line   Narrend
-In Exhibit A1.2, as X increases along the horizontal axis, corresponding to points C-D on the line, the Y values decrease. The relationship between the X and Y variables is:

Accepted Answer

A)  direct. 
B)  inverse. 
C)  independent. 
D)  variable. 
A)  direct. 
B)  inverse. 
C)  independent. 
D)  variable.

Question 12

If the coordinates are x1=3, y1=6 and x2=1, y2=2, the slope of the line is:

Accepted Answer

A) 1. 
B) 2 
C) 3 
D) 6. 
A) 1. 
B) 2 
C) 3 
D) 6.

Question 13

A downward-sloping line has a negative slope.

Accepted Answer

A) True 
 B)False

Question 14

Narrbegin Exhibit A1.5 Straight line   Narrend
-In Exhibit A1.5, as X increases along the horizontal axis, corresponding to points A-D on the line, the Y values remain unchanged at 20 units. The relationship between the X and Y variables is:

Accepted Answer

A)  direct. 
B)  inverse. 
C)  independent. 
D)  undefined. 
A)  direct. 
B)  inverse. 
C)  independent. 
D)  undefined.

Question 15

Narrbegin Exhibit A1.2 Straight line   Narrend
-Straight line CD in Exhibit A1.2 shows which of the following?

Accepted Answer

A)  The relationship between X and Y is unknown. 
B)  The values of Y are independent from the values of X. 
C)  There is an inverse relationship between X and Y. 
D)  There is a negative relationship between X and Y. 
A)  The relationship between X and Y is unknown. 
B)  The values of Y are independent from the values of X. 
C)  There is an inverse relationship between X and Y. 
D)  There is a negative relationship between X and Y.

Question 16

Which of the following pairs is the most likely to exhibit an inverse relationship?

Accepted Answer

A)  The amount of time you spend studying and your final marks. 
B)  Waiter's tips and his/her service. 
C)  The annual income and demand for overseas travel. 
D)  People's annual income and their expenditure on second-hand clothes. 
A)  The amount of time you spend studying and your final marks. 
B)  Waiter's tips and his/her service. 
C)  The annual income and demand for overseas travel. 
D)  People's annual income and their expenditure on second-hand clothes.

Question 17

Narrbegin Exhibit A1.6 Straight-line relationship   Narrend
-Which of the following would cause a shift in the relationship shown in Exhibit A1.6?

Accepted Answer

A)  A change in people's annual income. 
B)  A rise in people's expenditure on air travel. 
C)  Both a rise in income and a rise in expenditure on air travel. 
D)  A change in people's preferences in favour of air travel. 
A)  A change in people's annual income. 
B)  A rise in people's expenditure on air travel. 
C)  Both a rise in income and a rise in expenditure on air travel. 
D)  A change in people's preferences in favour of air travel.

Question 18

Narrbegin Exhibit A1.1 Straight line   Narrend
-In Exhibit A1.1, as X increases along the horizontal axis, corresponding to points A-B on the line, the Y values increase. The relationship between the X and Y variables is:

Accepted Answer

A)  positive. 
B)  inverse. 
C)  independent. 
D)  variable. 
A)  positive. 
B)  inverse. 
C)  independent. 
D)  variable.

Question 19

Narrbegin Exhibit A1.3 Straight line   Narrend
-As shown in Exhibit A1.3, the slope of straight line AB:

Accepted Answer

A)  decreases with increases in X. 
B)  increases with increases in X. 
C)  increases with decreases in X. 
D)  remains constant with changes in X. 
A)  decreases with increases in X. 
B)  increases with increases in X. 
C)  increases with decreases in X. 
D)  remains constant with changes in X.

Question 20

A direct relationship is a relationship between two variables in which they move in different directions (if one increases, the other decreases).

Accepted Answer

A) True 
 B)False

Narrbegin Exhibit A1.3 Straight line Narrend -In Exhibit A1.3, the slope of straight line AB is:

A horizontal line indicates an independent relationship between two variables.

Narrbegin Exhibit A1.5 Straight line Narrend -Straight line A-D in Exhibit A1.5 shows which of the following?

An upward-sloping line or curve is used to illustrate:

Narrbegin Exhibit A1.5 Straight line Narrend -In Exhibit A1.5, the slope of straight line A-D is:

Measured between two points on a curve, the ratio of the change in the variable on the vertical axis to the change in the variable on the horizontal axis is the:

When one variable increases, the other variable increases - it is called:

Adding a third variable to a two dimensional graph:

Narrbegin Exhibit A1.3 Straight line Narrend -As shown in Exhibit A1.3, the intercept of straight line AB is:

Narrbegin Exhibit A1.4 Straight line Narrend -In Exhibit A1.4, the slope of straight line CD is:

Narrbegin Exhibit A1.2 Straight line Narrend -In Exhibit A1.2, as X increases along the horizontal axis, corresponding to points C-D on the line, the Y values decrease. The relationship between the X and Y variables is:

If the coordinates are x1=3, y1=6 and x2=1, y2=2, the slope of the line is:

A downward-sloping line has a negative slope.

Narrbegin Exhibit A1.5 Straight line Narrend -In Exhibit A1.5, as X increases along the horizontal axis, corresponding to points A-D on the line, the Y values remain unchanged at 20 units. The relationship between the X and Y variables is:

Narrbegin Exhibit A1.2 Straight line Narrend -Straight line CD in Exhibit A1.2 shows which of the following?

Which of the following pairs is the most likely to exhibit an inverse relationship?

Narrbegin Exhibit A1.6 Straight-line relationship Narrend -Which of the following would cause a shift in the relationship shown in Exhibit A1.6?

Narrbegin Exhibit A1.1 Straight line Narrend -In Exhibit A1.1, as X increases along the horizontal axis, corresponding to points A-B on the line, the Y values increase. The relationship between the X and Y variables is:

Narrbegin Exhibit A1.3 Straight line Narrend -As shown in Exhibit A1.3, the slope of straight line AB:

A direct relationship is a relationship between two variables in which they move in different directions (if one increases, the other decreases).

Thinking Like an Economist

Production Possibilities and Opportunity Cost

Market Demand and Supply

Markets in Action

Elasticity of Demand and Supply

Production Costs

Perfect Competition

Monopoly

Monopolistic Competition and Oligopoly

Policy Issues: Housing Affordability and Climate Change

Measuring the Size of the Economy

Business Cycles and Economic Growth

Inflation and Unemployment

A Simple Model of the Macro Economy

The Monetary and Financial System

Macroeconomic Policy I: Monetary Policy

Macroeconomic Policy II: Fiscal Policy

International Trade and Finance

Filters

Exam 2: Applying Graphs to Economics

Narrbegin Exhibit A1.3 Straight line Narrend -In Exhibit A1.3, the slope of straight line AB is:

A horizontal line indicates an independent relationship between two variables.

Narrbegin Exhibit A1.5 Straight line Narrend -Straight line A-D in Exhibit A1.5 shows which of the following?

An upward-sloping line or curve is used to illustrate:

Narrbegin Exhibit A1.5 Straight line Narrend -In Exhibit A1.5, the slope of straight line A-D is:

Measured between two points on a curve, the ratio of the change in the variable on the vertical axis to the change in the variable on the horizontal axis is the:

When one variable increases, the other variable increases - it is called:

Adding a third variable to a two dimensional graph:

Narrbegin Exhibit A1.3 Straight line Narrend -As shown in Exhibit A1.3, the intercept of straight line AB is:

Narrbegin Exhibit A1.4 Straight line Narrend -In Exhibit A1.4, the slope of straight line CD is:

Narrbegin Exhibit A1.2 Straight line Narrend -In Exhibit A1.2, as X increases along the horizontal axis, corresponding to points C-D on the line, the Y values decrease. The relationship between the X and Y variables is:

If the coordinates are x1=3, y1=6 and x2=1, y2=2, the slope of the line is:

A downward-sloping line has a negative slope.

Narrbegin Exhibit A1.5 Straight line Narrend -In Exhibit A1.5, as X increases along the horizontal axis, corresponding to points A-D on the line, the Y values remain unchanged at 20 units. The relationship between the X and Y variables is:

Narrbegin Exhibit A1.2 Straight line Narrend -Straight line CD in Exhibit A1.2 shows which of the following?

Which of the following pairs is the most likely to exhibit an inverse relationship?

Narrbegin Exhibit A1.6 Straight-line relationship Narrend -Which of the following would cause a shift in the relationship shown in Exhibit A1.6?

Narrbegin Exhibit A1.1 Straight line Narrend -In Exhibit A1.1, as X increases along the horizontal axis, corresponding to points A-B on the line, the Y values increase. The relationship between the X and Y variables is:

Narrbegin Exhibit A1.3 Straight line Narrend -As shown in Exhibit A1.3, the slope of straight line AB:

A direct relationship is a relationship between two variables in which they move in different directions (if one increases, the other decreases).

Thinking Like an Economist

Production Possibilities and Opportunity Cost

Market Demand and Supply

Markets in Action

Elasticity of Demand and Supply

Production Costs

Perfect Competition

Monopoly

Monopolistic Competition and Oligopoly

Policy Issues: Housing Affordability and Climate Change

Measuring the Size of the Economy

Business Cycles and Economic Growth

Inflation and Unemployment

A Simple Model of the Macro Economy

The Monetary and Financial System

Macroeconomic Policy I: Monetary Policy

Macroeconomic Policy II: Fiscal Policy

International Trade and Finance

Filters